International financial integration: Too much?
Yazarlar (1)
Doç. Dr. Fatma TAŞDEMİR Sinop Üniversitesi, Türkiye
| Makale Türü |
Özgün Makale
(SSCI, AHCI, SCI, SCI-Exp dergilerinde yayınlanan tam makale)
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| Dergi Adı | Borsa Istanbul Review (Q1) | ||
| Dergi ISSN | 2214-8450 Dergi Bilgileri (2023) | ||
| Dergi Tarandığı Indeksler | SSCI | ||
| Makale Dili | Ingilizce | Basım Tarihi | 03-2023 |
| Cilt / Sayı / Sayfa | 23 / 2 / 402–411 | DOI | 10.1016/j.bir.2022.11.005 |
| Makale Linki | http://dx.doi.org/10.1016/j.bir.2022.11.005 | ||
| UAK Araştırma Alanları |
Dışa Açık Makro İktisat
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| Özet |
| According to theory, financial openness (FO) increases growth. The literature often conditions the growth effect of FO on favorable collateral environment. However, this can conceal the actual growth benefits of FO. This paper contributes to the literature by investigating the unconditional growth effect of FO, measured as de facto international financial integration (IFI). We maintain that the level of IFI might affect the structure of this relationship. We examine this important issue in advanced and emerging market and developing economies over the 1990–2019 period using conditional and unconditional growth regressions. Panel fixed effects threshold and dynamic panel threshold estimations suggest that the IFI-growth relation is conditional on data-driven estimated threshold level of IFI. Accordingly, IFI encourages (impedes) growth in less (more) financially integrated economies. The results show that it is not … |
| Anahtar Kelimeler |
| Advanced economies | Emerging market and developing economies | Growth | International financial integration | Panel threshold model |
Science Direct
International financial integration: Too much?
BM Sürdürülebilir Kalkınma Amaçları
| Atıf Sayıları | |
| Web of Science | 3 |
| Scopus | 8 |
| Google Scholar | 10 |